Pension Liabilities definition

Pension Liabilities means liabilities attributable to or associated with the provision under a relevant pension scheme of pensions or other benefits.

Pension Liabilities means any current or future obligations, liabilities or underfunding in relation to pension plans, retiree medical and any other long-term pension, welfare or benefit plans and any similar plans, programs and obligations.

Pension Liabilities means the liabilities under Pension Arrangements pertaining to the JD Holdings II Subsidiaries and the Xxxxxxx Polymer Subsidiaries whether organized under either internally or externally financed arrangements, both of a single and multi-employer nature, which are transferred to and assumed by Buyer in connection with the transfer of Equity Interests. Such obligations shall be determined as of the Closing valued as the Projected Benefit Obligation on an FAS 87, 106 or 112 basis, as applicable (or, if FAS 87, 106 or 112 is not applicable, using accounting principles consistent with FAS 87, 106, or 112, as appropriate) using the Projected Unit Credit Method (PUC) based on plan provisions as in effect at Closing and applying the economic and demographic assumptions as specified in Exhibit 12.05 hereto.

Examples of Pension Liabilities in a sentence

• Effective as of the Closing Date, Buyer shall use reasonable best efforts to ensure that Seller and its Affiliates are released from any existing surety (if applicable) for Assumed Pension Liabilities.

• Permitted Pension Security any security interest over real estate (and insurance policies related to such real estate) granted to support the Target Group’s Pension Liabilities, provided that the total aggregate secured amount under the security agreement(s) pursuant to which such security interest has been granted does not exceed GBP70,000,000 in aggregate.

• As of the Effective Date (i) the amount of all Unfunded Pension Liabilities under the Pension Plans, excluding any plan that is a Multiemployer Plan, does not exceed $0, and (ii) the amount of the aggregate Unrecognized Retiree Welfare Liability under all applicable Employee Benefit Plans does not exceed $100,000.

• Once the relevant NHS Participant has been notified that SPPA has supplied the necessary data to GAD, that NHS Participant shall then instruct GAD to calculate the Pension Liabilities in respect of such NHS Participants and to supply the Employer’s Actuary with its calculations of said Pension Liabilities.

• Payout of Pension Liabilities Supporting the Recipient’s pension scheme through the provision of Pension Payouts to public sector employees retiring during the period of project implementation, who have been credited with Recognition Bonds in accordance with the laws of the Recipient.

More Definitions of Pension Liabilities

Pension Liabilities means the Liabilities determined as of the Closing under Pension Arrangements pertaining to the Business and attributable to Business Employees and Former Employees, whether organized under either internally or externally financed arrangements, which are transferred to and assumed by Buyers or their Affiliates (including the Sold Companies after the Closing). With respect to Pension Liabilities:

Pension Liabilities shall have the meaning set forth in Section 2.4(a).

Pension Liabilities means, as of the Closing Date, the accumulated benefit obligations (as defined under FAS No. 87) under the applicable Funded Pension Plan, which, in each case, shall be determined on the basis of the methodologies and assumptions with respect to the applicable Funded Pension Plan utilized in Audited Financial Statements as set forth in Section 6.8(n)(iv) of the Disclosure Schedule, provided that (x) the exchange rate, to the extent applicable, will be determined as of the Closing Date in accordance with the Currency Conversion Rules, (y) the participant census information shall be actual census information with respect to the applicable Funded Pension Plan as of the Closing Date, and (z) creditable service will be that performed on or before the Closing Date.

Pension Liabilities means all liabilities relating to or in respect of Spinco Employees under each of the Heinz Pension Plans, which liabilities shall be calculated by the Heinz Actuary in accordance with Section 414(l) of the Code as if each such plan were to be terminated as of the Distribution Date (using the methods and assumptions stipulated by Section 4044 of ERISA).

Pension Liabilities means all liabilities and obligations of the Acquired Companies as of Completion pursuant to the Pension Schemes to make payments or contributions in respect of Employees or Former Employees;

Pension Liabilities means all liabilities of the Company owed to former and current employees of the Company under the Collective Bargaining Agreements, as calculated by Optimind Winter, an independent actuarial expert.

Pension Liabilities is defined in Section 6.14(b).